LACERA commits additional $100 million to Capri Capital Partners

Following the additional commitment, LACERA’s investment with Capri has increased from $300 million to $400 million, according to John McClelland, principal investment officer at the pension fund.

According to documents provided by LACERA, Capri has identified a new core investment that costs $100 million. This investment would exceed the emerging manager limit of $300 million, but Capri’s positive performance for LACERA has encouraged the pension fund to approve the increase in capital commitments, effe